Question: Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Interest Rate

 Determine Due Date and Interest on Notes Determine the due date

Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes: Interest Rate 6% 4 8 Term of Note 120 days 30 days 45 days 90 days 90 days Date of Note Face Amount January 3 * b. February 20 c. May 24 d. August 30 e. October 4 - Assume a leap year in which February has 29 days. Assume 360 days in a year when computing the interest. $80,000 27,000 62,500 30,000 40,000 a. Note Due Date Interest

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